This newsletter series is free for all readers.
What I like about reading newsletters and alpha aggregators is that you get to catch up on things that you do not have a pulse on in your day-to-day. One can only cover so much on their own, so it’s always great to look outside of your info bubble — I hope this newsletter does the same for you!
Note that you can click on the screenshots of each tweet in this newsletter to take you to the actual tweet.
Our Telegram Channel is FREE and shares news/alpha in real-time.
Let’s dive in.
Airdrop Alpha
1. $TSNR Drop on Backpack Exchange
To be eligible, you must have a trade on Tensor (http://tensor.trade) using your Backpack Wallet. Rewards will be determined based on your Backpack Exchange volume and this Tensor activity.
Referrals
2. Velodata announces paid plans and upcoming points system — Tweet
Sign up using my referral code: https://velodata.app/ref/uat1qcdg
3. Ethena ($ENA) token launch set for April 2nd
Campaign & Airdrop Details
Shard campaign ends on April 1st
Any user who unstakes, unlocks, or sells all of their USDe before this date will not be eligible for the airdrop
$ENA can be claimed on April 2nd alongside the token listing on CEXs
The top 2,000 shard count wallets from over 90,000 eligible ENA distribution users and Pendle YT token holders will have 50% of their ENA at TGE on April 2nd. Remaining 50% vested over 6 months.
Any unclaimed tokens or unvested tokens which are foregone by users exiting early will be re-allocated to loyal users who remain participating in Ethena
A second season of incentives will begin immediately on 2nd April
Users who participated in the first season who continue participating in the Ethena ecosystem will receive boosted loyalty rewards in the second season of incentives
Tokenomics
Total Supply: 15B ENA
Airdrop Supply: 750M ENA (5%)
Initial Circulating Supply: 1.425B ENA (9.5%)
Holders of SchizoPosters & Redacted Remilio Babies will be allocated an airdrop (0.15%)
The Sats Campaign
The 2nd campaign will onboard $BTC as a collateral asset
The campaign will run for another 5 months, until September 2nd 2024, or when USDe supply reaches $5bn, whichever comes first.
Claim Link: http://claim.ethena.fi/
Referral Link: app.ethena.fi/join/ebqa4
4. INIT Liquidity Hook on Blast
Orbit farming Hook to maximize points farming
5. Wormhole ($W) token launch set for April 3rd, 11:30AM UTC
New Listings
Notcoin ($NOT) pre-market trading listed on Bybit
$WEN listed on Bybit
Shadow Token ($SHDW) and Neon EVM ($NEON) added into the roadmap for imminent listing on Coinbase
Mantle Network ($MNT) and Pocket Network ($POKT) listed on Upbit
$DEGEN listed on Bybit
$ENA pre-market trading listed on Bybit
$PURR listed on Hyperliquid
DeFi
Mantle (MNT) staking for Ethena Shards now live
DWF Labs, Spartan Group, Laser Digital (Nomura) and Caladan (formerly AlphaLab) commit to $4m strategic round for API3
PancakeSwap announces first Affiliate Dex initiative with a proposal to launch MancakeSwap on Mantle Network
SingularityNET ($AGIX), Fetch.ai ($FET) and Ocean Protocol ($OCEAN) are discussing merging their tokens into an ASI token
Tucana — an intent-centric Layer 2 on Initia
Ondo Finance ($ONDO) to shift OUSG Funds into BlackRock's BUIDL — Tree News
Syndicate announces Degen Chain ($DEGEN), an L3 built with Aribtrum Orbit, Base for settlement, and AnyTrust for DA
Ondo Finance's USDY to be seeded on Aptos via Thala soon — adamcader_
Uniswap DAO prepares to expand $5bn treasury beyond UNI — DLNews
Biconomy announces strategic round from Borderless, Jump Capital, Consensys, Manifold Trading, among others
Parallel ($PRIME) announces $35M funding round, with participation from Distributed Global, VanEck, Solana Ventures, Big Brain Holdings, Synergis and Spartan Group, among others
Binance announces Ethena ($ENA) Launchpool
L1, L2, & Infrastructure
A16z-Backed, Angle Protocol Unveils U.S. Dollar Stablecoin Passing Yield from RWA and DeFi — Coindesk
Coinbase to store corporate and customer USDC balances on Base — maxbranzburg
Sei Network ($SEI) announces Layer Zero integration for SEI v2
Arbitrum x Azuki — AnimeChain (and coin)
Revolut Launches New Crypto Learn Course with $SUI to Educate Users on Blockchain Technology
Circle partners with two shapes (sorry) for CCTP integrations: Cube Exchange & Sphere
EigenLayer testnet is live
Bitcoin ETF
Bitcoin ETFs with $15.3m net inflows on March 25, 2024
Bitcoin ETFs with $417.8m net inflows today on March 26, 2024
Bitcoin ETFs with combined +$247m net inflows on March 27, 2024
Bitcoin ETFs with +$178.9 net inflows on March 28, with BTCO yet to report
Legal and Regulations
Binance investors in the Philippines are dumping USDT at 7% discounts as regulators ban exchange
Prominent Global Cryptocurrency Exchange Kucoin and two of its founder criminally charged with Bank Secrecy Act and unlicensed money transmission offenses: DOJ
Court rules against Coinbase in anticipated judgement
Coinbase's Chief Legal Officer weighs in — iampaulgrewal
Fidelity filed the S-1 for their Ethereum ETF this morning — JSeyff
LIVE Thread: SBF Sentencing
SBF sentenced to 25 years in prison: BBG
Whistleblower Reveals Jump Trading's Role in Propping Up UST Before $40bn Crash in Terraform Labs Trial — aosipovich
Rugs & Exploits
Muchables exploited for 17.4K ETH ($62.5M) on Blast by DPRK IT Worker
Four different devs hired by the Munchables team and linked to the exploiter are likely all the same person as they — zachxbt
Prisma Finance exploited, $8m and counting
Pendle X account compromised — tn_pendle
Reads & Tools
The Complete Guide to Bitcoin L2s
KuCoin CEO announces $10m airdrop in $KCS and $BTC tokens to "users who experienced longer-than-expected wait times during the withdrawal process in the past 2 days." — lyu_johnny
‘SEAL 911’ team of white hats formed to fight crypto hacks in real time — CoinTelegraph
What else could memecoins be? — vitalik
Disclaimer
The content provided in this newsletter is for informational purposes only and does not constitute financial advice. The author and the newsletter are not responsible for any decisions made based on the information provided herein. The opinions, analyses, and information included are based on the author's perspective and while believed to be accurate, should not be relied upon without conducting your own research and due diligence. The author may or may not be invested in any of the projects or tokens mentioned in the newsletter.
Additionally, the views and opinions expressed in this blog are those of the author alone and do not reflect the views, policies, or positions of any organizations the author is affiliated with or contributes to. It is always advisable to consult with a qualified professional before making any financial decisions. All investments involve risks, including the potential loss of principal.